Closing Announcement: RanchHarbor recently closed on Glenbrook Apartments, a 112 unit value add property in Boise, Idaho. Glenbrook is our second acquisition in the Boise market. We are excited about the closing and renovations are already underway. REBusiness Online Want to see more opportunities from us? Sign up here: RanchHarbor...
November 17th – Space Available
What I'm Reading Risk On: The board of CalPERS, the nation's largest pension fund, voted Monday to use 5% leverage and alternative assets to meet its investment-return target, even after lowering that target just a few months ago. The trustees also voted to increase riskier alternative investments, raising private-equity holdings...
November 16th – Dead End
What I'm Reading Dead End: Just a few days after St. Paul, Minnesota voters approved the nation's strictest rent control measures, developers and their lenders are halting projects due to the economic impact. Now politicians - many of whom supported the measure - are backtracking furiously as they realize that...
November 15th – Tilting the Scale
What I'm Reading Tilting the Scale: Target allocations to commercial real estate increased for the eight straight year in 2021 according to a recent survey by Hodes Weill & Associates and Cornell University. The average target allocations increased to 10.7 percent, up 10 basis points from 2020, indicating the potential...
November 12th – Baby Boom?
What I'm Reading Baby Boom? A recent Bank of America research note struck an optimistic tone compared with the poor demographic data in the 2020 Census. The report showed that birth rates are beginning to tick up and leading indicators - such as the sale of pregnancy tests - point...
November 11th – Boxed Out
What I'm Reading Boxed Out: Supply chain woes are playing to the strengths of large retailers like Walmart, Amazon and Target who buy in massive scale, and therefore negotiating leverage with manufacturers and 3rd party logistics providers. This is in stark contrast to mom and pop retailers who are struggling...
November 10 – In the Money
What I'm Reading Double Edged Sword: Long-underfunded state and local pension funds are reaping a historic windfall thanks to billions of dollars in record market gains and surplus tax revenues. Now they need to decide what to do with the money in an environment where assets are richly priced and...
November 9th – Outside Set
What I'm Reading Outside Set: With travel restrictions set to be lifted on 33 countries, brokers in cities popular with wealthy foreign investors are reporting a substantial uptick in requests for showings. This is looking like a big shot in the arm for the luxury segment in coastal gateway cities....
November 8th – The Weakest Link
What I'm Reading The Weakest Link: Environmental and anti-business regulations make California the absolute worst possible place to be the US focal point for supply chain issues. Wall Street Journal Narrative Violation: Last week's taper announcement was met by rates falling substantially at the long end of the yield curve. ...
November 5th – Danger Zone
What I'm Reading Leverage: Just when you thought that the situation at west coast ports couldn't possibly get worse, contracts for 15,000 west coast dockworker union members are due to expire on July 1, 2022. Obviously, this situation gives the union a ton of negotiating leverage. As a point of...